FTNT · 10-Q · 2026Q3 · Full report

Guidance / Outlook

Fortinet, Inc. · 2026-10-30 · Importance 69 · Surprise 60

For the remainder of 2026, Fortinet expects product revenue and service revenue each to continue growing year over year. For full-year 2026, management expects operating margin to increase slightly compared with 2025, with operating leverage and measured investments contributing to the outlook. Revenue and operating expenses are both expected to increase; expense growth is expected to reflect investment in sales and marketing headcount, product development, data centers, and real estate. Management expects service gross margin to remain relatively consistent with 2025, while product gross margin may decline, primarily because of higher hardware component costs.

Key facts

• Fortinet expected product revenue to continue growing year over year for the remainder of 2026 compared with the same periods of 2025. source
• Fortinet expected service revenue to continue growing year over year for the remainder of 2026. source
• Fortinet's product gross margin may decline for full-year 2026 compared with 2025, primarily due to continued higher hardware component costs. source
• Fortinet expected full-year 2026 service gross margin to remain relatively consistent with 2025 while expanding data-center, colocation, and cloud-hosting capacity for unified SASE and SecOps growth. source
• Fortinet expected full-year 2026 operating margin to increase slightly compared with 2025, benefiting from operating leverage and measured investments. source
• Fortinet expected both total revenue and operating expense to increase in 2026 compared with the prior year. source
• Fortinet expected 2026 expense increases to primarily reflect investment in sales and marketing headcount, product development, data centers, and real estate. source
• Fortinet expected research and development expenses to increase in absolute dollars for full-year 2026 compared with 2025 as it invested in product and service innovation. source